said by ropeguru:
Was it a local bank? If so, I find it kind of funny that both the appraiser and the town assessor knew this but the bank did not.
Yes, local bank. Appraiser was from other part of the state hired through a blind third party (they pick a rotation pool of appraisers to keep a firewall between the bank and the appraiser's numbers).
But yes, assessor and appraiser knew this... bank reps did not. But in their defense, my in-law apartment is atypical of most homes... it's a unique feature that they don't see very often.